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Harrods could cut 14% of staff as pandemic fallout continues

Harrods could cut 14% of staff as pandemic fallout continues

Harrods is believed to be cutting up to 700 jobs as the fallout from the coronavirus crisis continues to devastate the retail sector. That number would mean up to 14% of its workforce being made redundant.
Luxury
Gucci launches sustainable collection via Farfetch exclusive

Gucci launches sustainable collection via Farfetch exclusive

Sustainability is having an ever larger impact on luxury and this week Gucci launches its first collection under its Gucci Circular Lines initiative. It debuts on Farfetch where it will be exclusive for two weeks.
Luxury
TM Lewin to shut all stores in pre-pack administration deal

TM Lewin to shut all stores in pre-pack administration deal

Each news story about TM Lewin seems to deliver worse news and the latest development is that the menswear retailer is closing all of its shops and becoming online-only. It means the loss of over 600 jobs.
Fashion
Bargain-hunting Britons seek investment accessories and high street buys - report

Bargain-hunting Britons seek investment accessories and high street buys - report

New LovetheSales.com analysis of e-shopper demand shows a hunger for luxury investment pieces as well as high street fashion for the looming day when consumers will be able to restart their social lives.
Fashion
LVMH reduces 2019 dividend by 20%, as sales plummet 15% in first quarter 2020

LVMH reduces 2019 dividend by 20%, as sales plummet 15% in first quarter 2020

"Expect a slow recovery from the pandemic in 2020", warned Bernard Arnault, chairman and CEO of LVMH, whose giant group on Tuesday morning announced a 20% reduction dividend in 2019.
Fashion
Belstaff Glasgow reopening sees launch of appointment service

Belstaff Glasgow reopening sees launch of appointment service

Belstaff has reopened its Glasgow store this week as Scottish non-essential shops have been allowed to open their doors again for the first time in months and it's using the moment to launch a by-appointment offer.
Luxury
Paul Stuart opens new Long Island store

Paul Stuart opens new Long Island store

The New York-based luxury fashion retailer has announced that its fifth full-service company-owned U.S. store will open at 50 Main Street in Southampton, New York, on July 1, 2020.
Luxury
TM Lewin could see pre-pack deal to achieve store closure aims

TM Lewin could see pre-pack deal to achieve store closure aims

As the new owners of TM Lewin continue to seek new deals for its retail stores, a report has suggested the company could consider a pre-pack administration in order to allow it to close as many of the shops as possible.
Fashion
Ex-Hermes workers risk prison over fake handbags

Ex-Hermes workers risk prison over fake handbags

Paris prosecutors sought prison terms Friday for the leaders of a ring accused of making and selling fake handbags from iconic French luxury house Hermes, including some former employees.
Luxury
Italy's artisans anxious as brands haggle to bridge luxury gap

Italy's artisans anxious as brands haggle to bridge luxury gap

With unsold luxury handbags and clothing gathering dust in their workshops, Italy's artisans fear for their future as brands cut orders and in some cases demand discounts and payment delays.
Fashion
Diesel unveils game-changing digital buying platform and exhibition space

Diesel unveils game-changing digital buying platform and exhibition space

Diesel has unveiled an all-digital way for the industry to buy without having to travel to showrooms, boosting sustainability and reflecting the post-Covid new world for fashion. All OTB brands will move to the platform.
Fashion
Watches of Switzerland opens new UK boutique for Tag Heuer

Watches of Switzerland opens new UK boutique for Tag Heuer

In a sign of the slow return to normality, Watches of Switzerland has announced the opening of a new Tag Heuer boutique in Oxford's Westgate Centre. But it will be by appointment only for now.
Luxury
Kenzo brings premiere U.S. flagship to Manhattan

Kenzo brings premiere U.S. flagship to Manhattan

The flagship carries Kenzo's latest collaboration with Vans, and was designed by Felipe Oliveira Baptista, who was appointed as Kenzo's newest creative director in June 2019. 
Fashion
Ferragamo delays H1 results, call to September, to give only sales in July

Ferragamo delays H1 results, call to September, to give only sales in July

Salvatore Ferragamo will release on July 28 only its half-year sales data, postponing the remaining financial data for the semester and a conference call with analysts to Sept. 15, the luxury group said on Thursday.
Luxury
Sustainability and key labels like Vuitton, Chanel and Gucci drive luxe resale

Sustainability and key labels like Vuitton, Chanel and Gucci drive luxe resale

European resale specialist Rebelle said this week that sustainability is the main reason for many consumers buying secondhand and that the Covid-19 crisis has boosted demand for luxury investment pieces.
Luxury
Loewe uses Smiley heavily in latest Paula’s Ibiza line

Loewe uses Smiley heavily in latest Paula’s Ibiza line

Smiley continues to link with high-end brands and has launched a collaboration with LVMH’s luxury Spanish fashion house Loewe focused on 1970s hippie lifestyle icon Paula’s Ibiza.
Luxury